Question:
A shopkeeper buys an article for Rs 80 and sells it for Rs 100. What is his profit percentage?
A shopkeeper buys an article for Rs 80 and sells it for Rs 100. What is his profit percentage?
Show Hint
Profit % is always taken on the cost price.
Updated On: Jul 8, 2026
- 20%
- 25%
- 15%
- 30%
Show Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Step 1: Find the profit.
\[\text{Profit} = 100 - 80 = 20\] Step 2: Apply the profit % formula.
\[\text{Profit \%} = \dfrac{\text{Profit}}{\text{Cost Price}} \times 100 = \dfrac{20}{80} \times 100\] Step 3: Compute.
\[= 25\% \Rightarrow \boxed{25\%}\]
\[\text{Profit} = 100 - 80 = 20\] Step 2: Apply the profit % formula.
\[\text{Profit \%} = \dfrac{\text{Profit}}{\text{Cost Price}} \times 100 = \dfrac{20}{80} \times 100\] Step 3: Compute.
\[= 25\% \Rightarrow \boxed{25\%}\]
Was this answer helpful?
0
0
Top NMAT Quantitative Aptitude Questions
- Vineet calculates his profit percentage on the selling price whereas Roshan calculates his profit on the cost price. They find that the difference of their profits is Rs. 275. If the selling price of both of them are the same, and Vineet gets 25\(\%\) profit and Roshan gets 15\(\%\) profit, then find their selling price.
- A man sells two horses for Rs. 1475. The cost price of the first is equal to the selling price of the second. If the first is sold at 20\(\%\) loss and the second at 25\(\%\) gain, what is his total gain or loss (in rupees)?
- A farmer sold a cow and an ox for Rs. 800 and got a profit of 20\(\%\) on the cow and 25\(\%\) on the ox. If he sells the cow and the ox for Rs. 820 and gets a profit of 25\(\%\) on the cow and 20\(\%\) on the ox, the individual cost price of the cow and the ox is
- Arun borrowed a sum of money from Jayant at the rate of 8\(\%\) per annum simple interest for the first four years, 10\(\%\) per annum for the next 6 years and 12\(\%\) per annum for the period beyond 10 yerras. If he pays a total of Rs. 12,160 as interest only at the end of 15 years, how much money did he borrow?
- A sum of Rs. 1,440 is lent out in three parts in such a way that the interests on first part at 2\(\%\) for 3 years, second part at 3\(\%\) for 4 years and third part at 4\(\%\) for 5 years are equal. Then the difference between the largest and the smallest sum is
View More Questions
Top NMAT Profit and Loss Questions
- Vineet calculates his profit percentage on the selling price whereas Roshan calculates his profit on the cost price. They find that the difference of their profits is Rs. 275. If the selling price of both of them are the same, and Vineet gets 25\(\%\) profit and Roshan gets 15\(\%\) profit, then find their selling price.
- A man sells two horses for Rs. 1475. The cost price of the first is equal to the selling price of the second. If the first is sold at 20\(\%\) loss and the second at 25\(\%\) gain, what is his total gain or loss (in rupees)?
- A farmer sold a cow and an ox for Rs. 800 and got a profit of 20\(\%\) on the cow and 25\(\%\) on the ox. If he sells the cow and the ox for Rs. 820 and gets a profit of 25\(\%\) on the cow and 20\(\%\) on the ox, the individual cost price of the cow and the ox is
- A trader purchases a watch and a wall clock of Rs. 390. He sells them making a profit of 10\(\%\) on the watch and 15\(\%\) on the wall clock. He earns a profit of Rs. 51.50. The difference between the original prices of the wall clock and the watch is equal to
- Padam purchased 30 kg of rice at the rate of Rs. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20\(\%\) overall profit. At what price per kg did he purchase the lot of another 30 kg rice?
View More Questions
Top NMAT Questions
- Vineet calculates his profit percentage on the selling price whereas Roshan calculates his profit on the cost price. They find that the difference of their profits is Rs. 275. If the selling price of both of them are the same, and Vineet gets 25\(\%\) profit and Roshan gets 15\(\%\) profit, then find their selling price.
- A man sells two horses for Rs. 1475. The cost price of the first is equal to the selling price of the second. If the first is sold at 20\(\%\) loss and the second at 25\(\%\) gain, what is his total gain or loss (in rupees)?
- A farmer sold a cow and an ox for Rs. 800 and got a profit of 20\(\%\) on the cow and 25\(\%\) on the ox. If he sells the cow and the ox for Rs. 820 and gets a profit of 25\(\%\) on the cow and 20\(\%\) on the ox, the individual cost price of the cow and the ox is
- Arun borrowed a sum of money from Jayant at the rate of 8\(\%\) per annum simple interest for the first four years, 10\(\%\) per annum for the next 6 years and 12\(\%\) per annum for the period beyond 10 yerras. If he pays a total of Rs. 12,160 as interest only at the end of 15 years, how much money did he borrow?
- A sum of Rs. 1,440 is lent out in three parts in such a way that the interests on first part at 2\(\%\) for 3 years, second part at 3\(\%\) for 4 years and third part at 4\(\%\) for 5 years are equal. Then the difference between the largest and the smallest sum is
View More Questions